SCNs under Section 74 CGST Act must meet legal conditions. Courts allow dropping if fraud, misstatement, or suppression not proven. Know taxpayer rights.
Understand GST implications for SEZ service units, including registration, zero-rating, DTA supplies, RCM, and ITC refunds. This overview covers compliance frameworks and relevant judicial pronouncements.
Introduction The introduction of the Goods and Services Tax (GST) in India aimed to unify the indirect tax regime and streamline the movement of goods across states. One of the significant reforms introduced to curb tax evasion and enhance transparency in transportation was the E-Way Bill system, launched under Rule 138 of the CGST Rules, […]
GST on Development Rights & construction services faces conflicting court views; Bombay & Patna HCs differ on interpreting key GST notification Entry 5B.
Explore legal defenses for traders receiving GST notices based on UPI data. Understand aggregate turnover, natural justice, mens rea, and how to respond to potentially flawed tax demands.
Understanding the Arm’s Length Principle (ALP) in M&A and international taxation. Learn its economic rationale, application methods, and relevance for related-party transactions, ensuring fairness and compliance.
Explore GST implications on Joint Development Agreements and Transfer of Development Rights in real estate, covering RCM, rates, challenges, and compliance for developers and landowners.
This article offers a timely and easy-to-understand comparison between the old and new tax regimes, updated for the latest provisions under Section 115BAC for FY 2024–25. It also includes break-even illustrations, deduction analysis, and practical guidance for salaried individuals, professionals, and business owners—making it highly relevant for your audience during the current ITR filing season.
To safeguard government revenue and curb fraudulent practices, the law also empowers authorities to block ITC in certain cases. Rule 86A of CGST Rules, 2017 is one such provision.
Madras High Court rules that mere disallowance of a deduction does not automatically attract penalty under Section 271(1)(c) of the Income Tax Act.
